Granite Point Mortgage (GPMT) AI Stock Analysis

• Market Cap: $105.24M
• Dividend Yield: 7.97%
• Average Volume (3M): 235.03K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.13
• Revenue Growth: -28.13%
• EPS Growth: 62.49%
• Country: US
• Employees: 33
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Mortgage
• EPS (TTM): -0.40
• Shares Outstanding: 47,405,735
• 10 Day Avg. Volume: 293,262
• 30 Day Avg. Volume: 235,026
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.22
• Price to Sales (P/S): 3.44
• P/FCF Ratio: 22.86
• Enterprise Value/Market Cap: 12.62
• Enterprise Value/Revenue: 14.63
• Enterprise Value/Gross Profit: 29.20
• Enterprise Value/Ebitda: 72.61
• 1Y Price Target: $2.50
• Price Target Upside: -9.42% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $2.50 ▼(-9.42% Downside)

The score is primarily held down by weak financial performance (large losses and negative cash flow) and bearish technicals (below major moving averages with negative MACD). A high dividend yield and a constructive portfolio/strategy update provide partial support but do not outweigh the profitability and cash sustainability risks.

Positive Factors

Debt Management

Eliminating total debt enhances financial flexibility and reduces interest expenses, positioning the company for better capital allocation and resilience against economic fluctuations.

Loan Resolutions

Successful loan resolutions improve asset quality and free up capital for new investments, supporting long-term portfolio stability and growth.

Share Buyback Program

The share buyback program reflects management's confidence in the company's valuation and can enhance shareholder value by reducing the number of shares outstanding.

Negative Factors

Revenue Decline

A significant drop in revenue impacts profitability and limits the company's ability to reinvest in growth opportunities, posing a challenge to long-term financial health.

High Non-performing Loans

A high level of non-performing loans indicates credit risk and potential losses, which can strain financial resources and hinder future lending capabilities.

Credit Loss Provisions

Substantial credit loss provisions reduce net income and highlight ongoing credit risk, challenging the company's profitability and capital adequacy.

Granite Point Mortgage Business Overview & Revenue Model

Company Description

Granite Point Mortgage Trust Inc. (GPMT) is a real estate investment trust (REIT) that primarily focuses on originating, investing in, and managing senior floating rate commercial mortgage loans and other debt and debt-like commercial real estate investments. The company operates within the commercial real estate finance sector, providing financing solutions for a wide range of property types, including office, multifamily, hotel, and retail, across the United States.

How the Company Makes Money

Granite Point Mortgage Trust Inc. generates revenue primarily through the interest income earned on its portfolio of commercial real estate loans. The company originates loans, typically senior floating rate loans, and earns interest over the life of the loan. GPMT also benefits from fees associated with loan origination and, occasionally, from the sale of loans or other real estate investments. By focusing on floating rate loans, GPMT seeks to position itself favorably in varying interest rate environments, which can impact its net interest income. The company's performance is influenced by factors such as prevailing interest rates, credit conditions in the commercial real estate market, and the overall economic environment.

Granite Point Mortgage Financial Statement Overview

Summary

Granite Point Mortgage is experiencing significant financial challenges, with declining revenues and widening net losses impacting profitability. Despite strong cost management reflected in a high gross margin, the overall pressure from high net losses and asset reduction is substantial. However, the elimination of total debt and strategic management of financing activities provide some positive offsets.

Income Statement

Granite Point Mortgage's income statement reveals significant challenges. The company experienced a substantial decline in revenue from $266.5 million in 2023 to $185.6 million in 2024, a drop of approximately 30.4%. Net income also turned negative at -$221.5 million in 2024, down from -$63.2 million in 2023, negatively impacting net profit margins. Gross profit margin remained strong at approximately 89.5% in 2024, indicating efficient cost management despite revenue drops, but overall profitability remains under pressure due to high net losses.

Balance Sheet

The balance sheet shows a decrease in total assets from $2.85 billion in 2023 to $2.12 billion in 2024, alongside a decline in stockholders' equity from $858.9 million to $619.1 million. The debt-to-equity ratio improved as total debt was cleared in 2024. However, the equity ratio decreased from 30.2% in 2023 to 29.3% in 2024, reflecting reduced financial stability. The company's ability to improve its debt position is a positive indicator, but overall equity and asset reduction signal caution.

Cash Flow

Granite Point Mortgage demonstrated a significant improvement in cash flow metrics. Operating cash flow remains positive at $8.76 million in 2024, though significantly reduced from $52.1 million in 2023. Free cash flow followed a similar trend. Despite this decline, the company reduced its financing outflows substantially, which may support future liquidity. While cash flows were pressured, strategic management of financing activities provided some relief.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	90.77M	-165.53M	-22.67M	78.26M	87.53M	104.93M
Gross Profit	45.47M	-170.88M	-27.99M	78.26M	87.53M	104.93M
EBITDA	18.28M	0.00	0.00	0.00	0.00	0.00
Net Income	-56.39M	-207.05M	-63.20M	-40.83M	68.35M	-40.44M
Balance Sheet
Total Assets	1.81B	2.12B	2.85B	3.45B	3.99B	4.22B
Cash, Cash Equivalents and Short-Term Investments	62.69M	87.79M	188.37M	133.13M	191.93M	261.42M
Total Debt	0.00	1.47B	1.95B	2.43B	2.26B	1.53B
Total Liabilities	1.22B	1.50B	1.99B	2.47B	2.97B	3.28B
Stockholders Equity	581.99M	619.09M	858.90M	984.54M	1.01B	933.85M
Cash Flow
Free Cash Flow	-3.26M	5.99M	52.10M	58.90M	60.30M	20.25M
Operating Cash Flow	-425.00K	8.76M	52.10M	58.90M	60.30M	20.25M
Investing Cash Flow	402.07M	435.24M	561.43M	408.63M	139.77M	341.62M
Financing Cash Flow	-452.45M	-528.74M	-554.47M	-531.66M	-324.97M	-192.44M

Granite Point Mortgage Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.76
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GPMT, the sentiment is Negative. The current price of 2.76 is above the 20-day moving average (MA) of 2.37, above the 50-day MA of 2.54, and above the 200-day MA of 2.46, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 28.98 is Positive, neither overbought nor oversold. The STOCH value of 12.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GPMT.

Granite Point Mortgage Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SEVN	66 Neutral	$200.68M	8.72	5.72%	13.82%	-18.06%	-18.94%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
CHMI	57 Neutral	$95.16M	135.42	4.55%	21.65%	22.14%	―
ACRE	53 Neutral	$273.48M	-33.72	-1.42%	13.75%	-30.60%	87.95%
LFT	53 Neutral	$74.88M	14.79	4.14%	23.03%	-31.69%	-72.10%
ACR	47 Neutral	$148.63M	20.91	6.58%	―	-18.37%	18.80%
GPMT	46 Neutral	$105.24M	-1.51	-9.11%	7.97%	-28.13%	62.49%

Granite Point Mortgage Corporate Events

Granite Point Mortgage Highlights Portfolio in January 2026 Update

Granite Point Mortgage Trust has released a January 2026 investor presentation providing a detailed business overview that highlights its $1.8 billion portfolio of 44 primarily senior, floating-rate first mortgage loans on transitional U.S. commercial real estate, with a realized loan portfolio yield of 7.5% as of the latest reported period and a weighted average stabilized loan-to-value ratio of 65%. The presentation underscores the company’s strategy of value-oriented, credit-intensive underwriting, broad geographic diversification, and a balanced, largely non-mark-to-market financing profile using CLO securitizations, repurchase facilities and a secured credit facility, positioning the REIT as a cycle-tested, non-bank lender expected to benefit from ongoing shifts in commercial real estate lending market share away from traditional banks.

The most recent analyst rating on (GPMT) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Granite Point Mortgage stock, see the GPMT Stock Forecast page.

Granite Point Mortgage Extends Agreement with JPMorgan Chase

On October 14, 2025, Granite Point Mortgage Trust Inc.’s subsidiary, GP Commercial JPM LLC, amended its Master Repurchase and Securities Contract Agreement with JPMorgan Chase Bank, extending the Additional Advance Termination Date to April 12, 2026. This amendment, along with a related Guaranty Amendment, aims to clarify repayment mechanics and potentially enhance the company’s operational flexibility and financial strategy.

The most recent analyst rating on (GPMT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Granite Point Mortgage stock, see the GPMT Stock Forecast page.